This repository was archived by the owner on Apr 24, 2020. It is now read-only.
File tree Expand file tree Collapse file tree 1 file changed +4
-4
lines changed
Expand file tree Collapse file tree 1 file changed +4
-4
lines changed Original file line number Diff line number Diff line change @@ -376,17 +376,17 @@ differences from the corresponding condition for the optimal allocation
376376in a Lucas-Stokey economy with state-contingent government debt
377377
3783781. The term involving :math: `b_t(s^{t-1 })` in first-order condition
379- :eq: `AMSS_foc;a ` does not appear in the corresponding expression
380- for the Lucas-Stokey economy
379+ :eq: `AMSS_foc;a ` does not appear in the corresponding expression
380+ for the Lucas-Stokey economy
381381
382382 * This term reflects the constraint that
383383 beginning-of-period government indebtedness must be the same across all
384384 realizations of next period’s state, a constraint that would not be present if
385385 government debt could be state contingent
386386
3873872. The Lagrange multiplier :math: `\Psi _t(s^t)` in first-order condition
388- :eq: `AMSS_foc;a ` may change over time in response to realizations of the state,
389- while the multiplier :math: `\Phi ` in the Lucas-Stokey economy is time invariant
388+ :eq: `AMSS_foc;a ` may change over time in response to realizations of the state,
389+ while the multiplier :math: `\Phi ` in the Lucas-Stokey economy is time invariant
390390
391391
392392We need some code from our :doc: `an earlier lecture <opt_tax_recur >`
You can’t perform that action at this time.
0 commit comments